TAIEX ends slightly up
The TAIEX ended slightly higher yesterday after moving in a narrow range as market sentiment remained haunted by lingering concerns over a looming “fiscal cliff” in Washington, dealers said.
While the broader market was locked in tepid trade, smartphone vendor HTC Corp (宏達電) closed 5.90 percent higher at NT$296, with buying triggered by solid sales of the HTC J Butterfly model in Japan, dealers said. The weighted index closed up 14.22 points, or 0.19 percent, at 7,648.41, on turnover of NT$69.89 billion (US$2.40 billion).
CAL to form alliance
China Airlines Ltd (CAL, 中華航空) will form an alliance with three major China-based air carriers next month as a part of its efforts to expand its markets in Taiwan and China.
The alliance will comprise China Southern Airlines (南方航空), China Eastern Airlines (東方航空), Xiamen Airlines (廈門航空) and CAL, which is expected to make the announcement at a press conference in Taipei on Thursday next week.
Hon Hai mulls US line
Hon Hai Precisions Industry Co (鴻海精密), the main contract manufacturer for Apple Inc, will reportedly make lower-priced Macintosh computers in the US as part of Apple’s strategy to shift some of its production lines back to its home country.
Hon Hai plans to recruit workers in the US next year for the automated production line of the Mac Mini, the Chinese-language Digitimes newspaper reported yesterday, citing upstream supply chain sources.
Hon Hai spokesman Simon Hsing (邢治平) declined to confirm the report.
CyberMart launches Web site
CyberMart (賽博數碼), an electronics retail arm of the Hon Hai Group (鴻海集團), yesterday launched its Web site, Wow Cyber, to sell a wide range of electronics, from US TV brand RadioShack’s 60-inch LED TV sets to HTC Corp’s (宏達電) latest Butterfly smartphone.
This is the first online shopping store launched by Hon Hai Group after CyberMart opened six bricks-and-mortar outlets in Taiwan and one in Shanghai.
Solar firms look to Middle East
Some Taiwanese solar energy product manufacturers have secured orders from the Middle East market, as several countries in that region are gearing up for renewable energy development, a research report said yesterday.
The companies are likely to start shipments next year, according to the report by EnergyTrend, an energy research division of TrendForce Corp (集邦科技) said.
Compared with their counterparts in China, Taiwanese solar energy firms appear to be relatively competitive in the Middle East, EnergyTrend said.
Chinatrust Financial Holding Co (中信金控) on Wednesday named Yen Wen-long (顏文隆) as the group’s chairman and Hsueh Hsiang-chuan (薛香川) as vice chairman after the passing of its founder Jeffrey Koo (辜濂松) earlier this month.
The company said in a statement that Yen, a board member for 28 years, will take the new post after the company obtains approval from the Financial Supervisory Commission.
The company also on Wednesday appointed Tung Chao-chin (童兆勤) as chairman of Chinatrust Commercial Bank (中國信託商銀) and Thomas Chen (陳國世) as vice chairman of the lender, which is Taiwan’s largest credit-card issuer.
NT dollar gains ground
The New Taiwan dollar gained ground against the US dollar yesterday, adding NT$0.002 to close at NT$29.126.
Turnover totaled US$691 million during the trading session.